The gig economy is evolving rapidly, expanding into new talent fields -- medicine, law and aviation, among others -- and is affecting the way young people approach work, Jon Younger writes. In this commentary, Younger outlines eight ways the freelancer market is affecting the traditional workplace.
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Employers should understand why employees leave and why they started looking for another job in the first place, says Sharlyn Lauby of ITM Group. "Because if the company wants to take action, they need to allocate their resources in the right areas and fix the real problems," she says.
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The nation's largest employers expect to see the total cost of health benefits rise to $15,000 per employee next year, and about 20% said they will try pharmacy benefit contracts that feature direct-to-patient drug rebates, according to the National Business Group on Health's annual survey. Passing drug rebates directly to patients might lower the cost for some, but overall premiums are likely to rise.
Managing contingent workers can be a distinct challenge in need of technology-based solutions, HR vendors and analysts say. "Our research shows two of the biggest challenges around managing the alternative workforce are communication and performance management," says Chris Havrilla of Bersin, Deloitte Consulting.
Help the next generation of leaders rise in the ranks by creating formal career paths, asking employees about their goals and designing self-development plans, experts advise. "Every member of the team should have a plan for self-development that aligns with their team development, department development and ultimately the overall business objectives of the entire organization," notes Shelley Smith of Premier Rapport.
